On February 14, Jennifer Liberto and Deirdre Walsh wrote an article on CNN about military pension increases. In December, a deal to fund the federal government prompted Congress to cut a percentage point from cost-of-living raises for retired military starting in 2015. This made $6.3 billion in savings. The cut caused anger of veterans and the retirees. The House voted 326 to 90 to overturn cost-of-living increase for military pensions for all retired and anyone who enlisted before January 1. Senate voted to take up the bill but not everyone is in agreement. Lawmakers cannot agree on how to restore the increases that would cost about $6 million.
Congress should not have cut from military cost-of-living raises in the first place. Men and women in the military risk their lives for the Unites States and shouldn't have to worry about cost-of-living. The Senate made a commitment to veterans and broke it. There has to be other ways to fund government without cutting from military pension increases. If the government restores pension increase they will lose money and this could lead to businesses losing money if the government decides to raise taxes.
http://money.cnn.com/2014/02/11/news/economy/military-pensions/
I never realized the government had cut the pension in the first place! The fact that the government would cut the cost of living on retired military is astonishing. Those people risked their lives for the independence of this country, and now the government acts like they're useless? It humiliates the government and their irrational choices for the military. A lot of money, good money, is going into that fund, for we need the military and the incredible job they have done for our nation. It just goes to show the show the severity of the government's mistake if they are trying to undo their decision. But I agree with you Danielle! They shouldn't have done it in the first place!
ReplyDeleteI am in the same boat as Greta and never knew about pension cuts. I also agree with you, Danielle that the government was wrong to cut pensions in the first place. People who retire from the military expected to receive more money and it was wrong of them to mess with that. They have betrayed the trust of those who have served our country faithfully. The government needs to find a solution quickly though because the funds they need to restore will only grow the more they prolong the problem.
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